Cost of moving up the ladder up by £135k in a decade

Home movers spend on average nearly £135,000 more stepping up the property ladder than a decade ago, a report has found. Across the UK, home movers paid £330,984 on average in 2019, up by 69% from £196,386 in 2009, a rise of £134,598, according to Lloyds Bank. Home movers also put down average deposits of nearly £100,000 in 2019, a hike of over £27,000 compared with £72,075 a decade ago, the research found. Lloyds estimated there were 347,758 home movers purchasing with a mortgage in 2019 – up by 13% since 2009. Northern Ireland has seen the greatest increase in the number of home movers (47%) over the course of the decade while in the South East of England, the number of home movers has barely increased at 1%.

Daily Mail (26/01/20)   The Sun (26/01/20